So the short answer is they cannot do it directly, so they have to go through this process of sending it to a Mexican ba...
the more a terrorist can get their money through our system, the stronger a terrorist group will be?
I think you prepared in your new approach to look at affiliates' internal audit findings to look for those with weak AML...
accountability for previous failures and conduct that has already taken place is essential as a deterrent
Well, but my point is that looking back now at what you knew then, it should not have been lifted.
This is a terrific place to do business. There are more than 10,000 U.S. headquarters of international companies based h...
Under your new rules now, you are going to be notifying each of the affiliates of this kind of action?
But to put it simply, they cannot just directly deposit these drug sales money into U.S. banks because we have a Know Yo...
I want to thank Senator Coburn for all of his support and for the work of his staff.
As Chairman Levin laid out in his statement, the Subcommittee's investigation into anti-money laundering and anti-terror...
I want to just read one thing to you before you answer, and that is what the World Bank has had to say about these beare...
U.S. law binds you to report to OFAC. What are you going to do, live up to Cayman law or U.S. law?
There is that nagging question of accountability which others are going to have to judge.
And when will this be put in place? You said it is being put in place. When will this be accomplished?
Today's hearing will examine the money-laundering, drug-trafficking, and terrorist-financing risks created in the United...
That is good news.
A matter of months?
It helps you achieve whatever illicit objective it is that you are trying to achieve, whether it is weapons proliferatio...
